Aritzia (TSE:ATZ) Price Target Raised to C$173.00

Aritzia (TSE:ATZ) had its price objective hoisted by Ventum Capital from C$160.00 to C$173.00 in a report published on Wednesday,BayStreet reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Aritzia from a “buy” rating to a “hold” rating and set a C$160.00 target price on the stock. in a research note on Tuesday, October 13th. Scotiabank increased their price target on Aritzia from C$175.00 to C$185.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Desjardins set a C$180.00 price target on Aritzia and gave the stock a “buy” rating in a report on Tuesday, October 6th. Royal Bank Of Canada lifted their price target on Aritzia from C$193.00 to C$202.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Raymond James Financial set a C$175.00 price objective on Aritzia and gave the stock an “outperform” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$181.00.

Aritzia Stock Down 0.9%

Aritzia stock opened at C$155.50 on Wednesday. Aritzia has a fifty-two week low of C$92.30 and a fifty-two week high of C$174.52. The company has a debt-to-equity ratio of 79.21, a quick ratio of 0.19 and a current ratio of 1.31. The firm’s 50-day simple moving average is C$133.28 and its 200 day simple moving average is C$134.31. The stock has a market cap of C$17.61 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18.

Aritzia (TSE:ATZ) last posted its quarterly earnings data on Thursday, October 8th. The company reported C$1.31 EPS for the quarter. Aritzia had a net margin of 13.62% and a return on equity of 42.25%. The firm had revenue of C$1.17 billion during the quarter. Research analysts predict that Aritzia will post 1.78 EPS for the current fiscal year.

Aritzia Company Profile

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.